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Business News

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Mar 27, 2024 / 2:01 pm

Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. They're also, thanks to the rabid...

Yellen says China's rapid buildout of its green energy industry 'distorts global prices'

Yellen says China's rapid buildout of its green energy industry 'distorts global prices'

Mar 27, 2024 / 11:51 am

Treasury Secretary Janet Yellen is calling out China's ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it unfair...

TikTok is under investigation by the FTC over data practices and could face a lawsuit

TikTok is under investigation by the FTC over data practices and could face a lawsuit

Mar 27, 2024 / 11:49 am

The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the...

What we know about Truth Social, Donald Trump's social media platform

What we know about Truth Social, Donald Trump's social media platform

Mar 27, 2024 / 11:49 am

Former President Donald Trump launched his social media platform, Truth Social, in early 2022, after he was banned from major sites such as Facebook and the...

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

Mar 27, 2024 / 11:05 am

The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year,...

Emissions cap could hurt Trans Mountain pipeline's sale price: Calgary Chamber

Emissions cap could hurt Trans Mountain pipeline's sale price: Calgary Chamber

Mar 27, 2024 / 10:36 am

The Calgary Chamber of Commerce is warning Ottawa that its proposed cap on emissions from the oil and gas sector could compromise the valuation and sale of the...

Chinese leader Xi tells Dutch PM that restricting technology access won't stop China's advance

Chinese leader Xi tells Dutch PM that restricting technology access won't stop China's advance

Mar 27, 2024 / 5:47 am

Chinese leader Xi Jinping told visiting Dutch Prime Minister Mark Rutte on Wednesday that attempts to restrict China's access to technology will not stop...

Vancouver-based Westport reports $49.7M net loss in 2023

Vancouver-based Westport reports $49.7M net loss in 2023

Mar 26, 2024 / 6:34 pm

Westport Fuel Systems Inc. (TSX: WPRT) (Nasdaq: WPRT) took a big hit during its last fiscal year. The Vancouver-based company revealed Monday in its latest...

US prosecutors try to send warning to cryptocurrency world with KuCoin prosecution

US prosecutors try to send warning to cryptocurrency world with KuCoin prosecution

Mar 26, 2024 / 6:31 pm

A top U.S. prosecutor announced criminal charges Tuesday against a once-ascending company in the cryptocurrency world and two of its founders in a bid to send a...

Retail space remains scarce across Metro Vancouver

Retail space remains scarce across Metro Vancouver

Vancouver Mar 26, 2024 / 12:08 pm

Space is tight for retailers and restaurant owners looking to open stores in Metro Vancouver, despite developers building more space. Those wanting large...

Luxury parka maker Canada Goose laying off 17% of staff

Luxury parka maker Canada Goose laying off 17% of staff

Mar 26, 2024 / 7:30 am

Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce. In a LinkedIn note from CEO Dani Reiss, the luxury parka maker...

Parkland puts 157 convenience store and fuel station locations up for sale

Parkland puts 157 convenience store and fuel station locations up for sale

Canada Mar 26, 2024 / 6:30 am

Parkland Corp. is looking to sell 157 convenience store and fuel station locations across six provinces. The company says the assets up for sale include...

China to challenge Biden's electric vehicle plans at the WTO

China to challenge Biden's electric vehicle plans at the WTO

Mar 26, 2024 / 5:43 am

China filed a World Trade Organization complaint against the U.S. on Tuesday over what it says are discriminatory requirements for electric vehicles subsidies....

Trump's social media company starts trading on Nasdaq with a market value of almost $6.8 billion

Trump's social media company starts trading on Nasdaq with a market value of almost $6.8 billion

New York Mar 26, 2024 / 5:36 am

As Donald Trump’s social media company begins trading publicly Tuesday, would-be investors might ask themselves if the stock is too pricey and potentially...

Suncor Energy pays new CEO Richard Kruger $36.8-million in first year

Suncor Energy pays new CEO Richard Kruger $36.8-million in first year

Mar 25, 2024 / 6:07 pm

Suncor Energy Inc. SU-T paid former Imperial Oil chief executive officer Rich Kruger $36.8-million in 2023, his first year at the company. Mr. Kruger, 63,...

Black Press closes sale of company; emerges from creditor protection

Black Press closes sale of company; emerges from creditor protection

Mar 25, 2024 / 3:06 pm

Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring...

DavidsTea signs deal to bring products to 1,500 Circle K, Couche-Tard stores

DavidsTea signs deal to bring products to 1,500 Circle K, Couche-Tard stores

Mar 25, 2024 / 1:35 pm

DavidsTea Inc. says it has signed a deal to sell its beverages in 1,500 Circle K and Couche-Tard stores. The Montreal-based tea purveyor says the deal with...

Bell CEO summoned to committee over job cuts after not finding time to appear

Bell CEO summoned to committee over job cuts after not finding time to appear

Mar 25, 2024 / 10:41 am

Members of Parliament have summoned the head of Bell Canada to testify next month about the company's decision to cut thousands of jobs across the country. ...

Can B.C. LNG producers compete in an ‘uncertain’ global market?

Can B.C. LNG producers compete in an ‘uncertain’ global market?

Mar 25, 2024 / 10:19 am

Since B.C. began its push more than 10 years ago to develop a liquefied natural gas industry, environmental groups and the BC Green Party have warned that the...

Trump's social media company to start trading on the Nasdaq on Tuesday

Trump's social media company to start trading on the Nasdaq on Tuesday

Mar 25, 2024 / 9:39 am

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday....

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